Consumer credit data tops calendar
Bryan McCormick | [email protected]
There is just one report set on today's economic calendar, and that is consumer credit. Unless there is a big positive or negative shift in the number, it isn't likely to produce much market reaction.
The report, out at 3 p.m. ET, has consensus forecast at $7.6 billion of new debt. The range of estimates is from $3.5 billion to $11.6 billion. Traders may be more bullish if they see consumers willing to leverage up by adding more debt.
Consumer discretionaries hedged
April 1, 2015
The SPDR Consumer Discretionary Select Sector Fund pulled back after reaching an all-time high at the beginning of last week but then rebounded at a key level.